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84= t)C3~8~~
<br />TRUST DEED
<br />THIS TRUST DEED made this n./ day of November 198x,
<br />between RAYMOND A. WATSON and JUAbtITA WATSON, as Trustor,
<br />whose address is 1524 Coventry Lane, Grand Island, Nebraska;
<br />JOHN R. BROWNELL, as Trustee; and COMMERCIAL SAVINGS COMPANY
<br />O1? GRAND ISLAND, an Industrial Loan and Investment Company,
<br />whose address is 2121 North Webb Road, Grand Island, Nebraska,
<br />as Beneficiary.
<br />WZTNESSiSH:
<br />That Trustor conveys, sells, and warrants to Trustee in
<br />trust, with power of sale, the fallowing described real
<br />~>roperty:
<br />Lots One (I), Two (2), Three 13), and Pour t9),
<br />Piper's Glen Subdivision, heing a Subdivision of
<br />Lots Eight (8) and Nine (9), Warren Subdivision,
<br />in the City of Grand Island, Y.all County, Yebraska.
<br />The intention being to convey hereby an absolute title in
<br />fee simple, together with all buildings, fixtures, improve-
<br />ments, and appurtenances thereto belargina,
<br />The Trustor covenants and a4rees with the said Trustee
<br />and Beneficiary that he is lawfully seised of said premises;
<br />that he has good. right, and tawfia) at~th~rr~, ~„ sail ~.,,~
<br />oon~:ey said premises; that said premises are free and char
<br />cf all 1~- ns snd ~um~rarces; gnu that ._ustar will warrant
<br />snd_defend the title to said premises unto the Trustee and
<br />hi.s SUCCCSSO_S and assigns forever against the claims of all
<br />)x'='r~ns .
<br />FiJR THE p~RFCSE t3F SEC;RZ~+G performance ~~n each agree-
<br />aae £:*_ of r~at::r herein cartained and _he payment ;~f inety
<br />T;;isan-~~iiars SS~.'~~~."~ a5 evidenced by a promissory
<br />Hate bearing ever, date cr, a ~lcaating rate, not to exceed
<br />.^.ineteen percent (25~) nor less than twelve aercent (].2~)
<br />as more fully set out therein„ er ar.rum ..ntil ^aid; the
<br />principal sutra and interest s.':all be payable on 3emard.
<br />All navswents shah be made at the office a the Beneficiary,
<br />2121 north Webb Read, Grand Island, Yebraska, or at such
<br />other place as the holder may designate i,n writing.
<br />It is agreed by .snd between the parties hereto that
<br />whip title is vested in the ^_'rustee and until fiiing_ oaf
<br />Notice of Default, the Trustor shall:
<br />A. Retain. possession of the premises and collect the
<br />rents and revenues therefrom.
<br />B. Maintain the buiid.ings and improvements located
<br />thereon _._ gao<? ronElit~an and repair.
<br />~. i'ay all taxes and special assessments levied or
<br />assessed against or due ±pon said premises before
<br />delinquency, and to deliver tp Beneficiary copies
<br />of receipts showing payment of such taxes.
<br />n
<br />,.. r c.ui - slid n`iaintain poil.Cie5 or 1n5uranCe against
<br />the usual haaards of fire, hail, windstorm, and
<br />other similar risks, in sums ,and underwritten by
<br />companies sceeptable to the Beneficiary°, with lass
<br />payable to the parties as their interest may
<br />appe$r.
<br />
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